HYSAs vs TBills
| Treasury Bills | HYSA |
|---|---|
| 4.25% | 3.8%* |
| State tax exempt | Taxed as ordinary income |
| 2 week duration | Immediate liquidity |
| Full faith and credit of the US government | FDIC insured (up to limit) |
| Buy from and deposit to mulitple existing bank accounts simutaneously | Is a savings account |
| $100 minimum | Usually $0 minimum |
| Online and mobile (through TreasuryViewer) access | Online and mobile access |
| View historical and upcoming interest rate data online | Opaque interest rate calculations |
*Rates found from usnews.com